FA News

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Death-Bond Fraud Was Wide Ranging, Alleges Trustee

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A bankrupt seller of life settlements cheated investors by lying about when policies lapsed, charging massive undisclosed fees and deceiving them about its practices in order to dodge securities...

AXA To Divest Holdings In Coal Companies Over Climate Change

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France’s largest insurer will scrap holdings in coal companies because of concerns about climate change, broadening support for the fossil-fuel divestment movement to a major mainstream investor.

Exorbitant Drug Costs Lead California To Cap Copayments

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Covered California, the state’s health insurance exchange, changed the designs of its plans to cap policyholders’ monthly copayments for specialty drugs and help curb costs for consumers.

New York Life Names Blunt To Lead $540 Billion Investments Group

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New York Life Insurance Co., the largest policyholder-owned life insurer in the U.S., named Chris Blunt as head of the investment unit with $540 billion in AUM.

Savant Continues Rapid Growth

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Savant Capital continues its fast-paced growth with the acquisition of Orion Capital Mangement, a boutique investment bank.

The Top Prize For Personal Wealth? Business Owners Own It

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Personal wealth is concentrated in the hands of American business owners -- to such a degree few financial advisors can imagine it.

If Your Clients Are Still Paying Children's Bills, They're Not Alone

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In 2015, 36 percent of parents said in a poll published this week that they expect to support their child for more than two years after graduation, up from 18 percent the year before.

Wells Fargo To Sign On Financial Engines

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Financial Engines is close to a deal to add its online investment advice to Wells Fargo & Co's retirement platform, according to a Wells presentation obtained by Reuters.

U.S. SEC Charges Atlanta Firm Over Public Pension Funds

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The SEC announces fraud charges against an Atlanta-based investment advisory firm and two of its executives for their handling of the city's pension funds for police, firefighters, transit workers...

Brokerage Co-Owner Used Investor Money For Cars, Statues

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The co-owner of a Manhattan-based brokerage firm faces fraud charges after allegedly using $2.3 million of investor money to fund his lifestyle.

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